Novelis Inc. is hoping that better-quality Chinese cars sold in greater numbers will lead to a demand boom for its aluminum.
As auto makers world-wide
increasingly replace steel with
aluminum and its alloys to make a broader range of lighter, more fuel-efficient cars, Beijing is also pushing its manufacturers to follow suit.
'It's good news for aluminum,' Novelis Asia President Shashi Maudgal said during an
interview Thursday, the day the U.S.-based company broke ground on a $100 million aluminum-manufacturing plant in the Chinese city of Changzhou, near Shanghai.